Improving Efficiency of Material Requirement Planning and Safety Stock: A Case Study of Creative Machatronics Co., Ltd.

Journal
UTCC Engineering Research Papers
Publisher(s)
University of the Thai Chamber of Commerce
Date Issued
2007
Author(s)
Thongma, Chantana
Other Contributor(s)
University of the Thai Chamber of Commerce. School of Engineering
Abstract
A main objective of this research study is to investigatecharacteristic and implication of stockout for reel standthat may impact to an exemplary company in Thailand.By considering causes and effects of the problem, thisresearch used Collaborative Planning, Forecasting, andReplenishment to solve such problem by means of sharinginformation, supply chain management implementation,and well coordination. This concept leads to costreduction, efficient and effective inventory management,along with low ordering cost, economics order quantity,and low product cost caused by over time cost in longerlead time of raw materials to meet customer requirement.It may enhance work efficiency and develop goodrelationship with suppliers in a long term, thereby gainingbusiness competitive advantage. By gaining the businesscompetition would increase sale volume, regain customerloyalty, and lead to increasing customer satisfaction level.Therefore, several entrepreneurs have concentrated onproduction by enhancing its efficiency that may beinstrumental to increasing customer requirement.
Subject(s)
ISSN
1906-1625
Access Rights
public
Rights
This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Rights Holder(s)
University of the Thai Chamber of Commerce
Bibliographic Citation
Chantana Thongma, Ungul Laptaned (2007) Improving Efficiency of Material Requirement Planning and Safety Stock: A Case Study of Creative Machatronics Co., Ltd.. UTCC Engineering Research Papers.
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